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173
Jan 1, 2013
01/13
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a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural deficits that undermine the soundness of our future finances. in addition, the bill that we considered last night created some additional fiscal cliffs in the very near future, within two months, within march. and one is that it doesn't address the debt ceiling. now, debt ceiling isn't about what we spend, not about the decisions on what we spend, it's whether or not we're going to pay the bill after the spending has been authorized. it's like saying to yourself, you know, when the credit card bill comes, i'm just not going to pay it. because i shouldn't have
a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural...
151
151
Dec 29, 2012
12/12
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in the past record lows speaks ill of this congress are not imposing new regulations are increasing taxes. that's one way of looking at it. the way most people look at it i tested two bytes record of popularity approval rating is that this is a congress that has been defined by dysfunction in gridlock, a congress in which half a loaf has never been better than none. there were compromises really seem to be a foreign policy, naming a policy for him to the world's great deliberative body. >> you actually think that people are granted 2010 it got elected or the people ran before and it now ascended to positions of leadership believes that go with a solution or they were like that to not do things i supposed to do things? >> well, again, from a class of 2010 and our effort to the the 87 freshman, the so-called tea party class of the 112 congress, their belief is they are doing precisely what the people who elected them did, which is rolled back obama initiatives, cut spending. a lot that the debt ceiling should not be increased under a circumstances where they feel like i was a failure. but t
in the past record lows speaks ill of this congress are not imposing new regulations are increasing taxes. that's one way of looking at it. the way most people look at it i tested two bytes record of popularity approval rating is that this is a congress that has been defined by dysfunction in gridlock, a congress in which half a loaf has never been better than none. there were compromises really seem to be a foreign policy, naming a policy for him to the world's great deliberative body....
3,479
3.5K
Dec 27, 2012
12/12
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CSPAN2
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taxes on tea and sugar and paint and paper, and because some colonists believed these taxes were unjust, there was a lot of smuggling going on in the american colonies. people would import things like sugar and they'd simply avoid paying the tax on them. now, we all remember the king of england didn't like this a whole lot. he wanted the colonists to pay taxes whether they were allowed to vote or not. so the english authorities began issuing what are essentially general warrants. they were called writs of assistance, and they authorized government officials to enter into any house or building that they wanted in order to search for smuggled goods. now, these officials weren't limited to only searching in certain houses, and they weren't required to show any evidence that the place they were ^sefpg searching had any smuggled goods in it. basically, government officials were allowed to say that they were looking for smuggled goods, and then they could go search any house that they were interested in, any house-to-, to see if the -- any house, to see if the house this any of those smuggled
taxes on tea and sugar and paint and paper, and because some colonists believed these taxes were unjust, there was a lot of smuggling going on in the american colonies. people would import things like sugar and they'd simply avoid paying the tax on them. now, we all remember the king of england didn't like this a whole lot. he wanted the colonists to pay taxes whether they were allowed to vote or not. so the english authorities began issuing what are essentially general warrants. they were...
109
109
Dec 28, 2012
12/12
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every single senator wants to prevent tax cheating, tax cheaters from receiving any funding in this bill. i'm for all of these prohibitions on tax cheats. i carry a similar provision in my usual and customary commerce-justice bill. the senator from oklahoma also is very sensitive about modifying it. his bill covers tax cheats and also dead people can't get federal funds. he modified it to cover funeral expenses. but we've also been told that this, by the finance committee that this amendment is not a blue-slip issue. i support the gentleman's amendment. and if it's agreeable with the gentleman from oklahoma on this side, we would like to take his amendment tonight. now, on the fisheries part, we don't take the fisheries part. and i oppose the division 2, the fisheries amendment, because the -- i understand the gentleman's intention, but his point is that he tries to say that fishery disaster funding should be for communities affected primarily by stafford act requirements. the stafford act covers fema certified disasters. so in order to get help from fema, which is governed by the staffo
every single senator wants to prevent tax cheating, tax cheaters from receiving any funding in this bill. i'm for all of these prohibitions on tax cheats. i carry a similar provision in my usual and customary commerce-justice bill. the senator from oklahoma also is very sensitive about modifying it. his bill covers tax cheats and also dead people can't get federal funds. he modified it to cover funeral expenses. but we've also been told that this, by the finance committee that this amendment is...
76
76
Dec 27, 2012
12/12
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taxes will go up. the payroll tax cut that has helped this economy is going to disappear. unemployment benefits are going to disappear for millions of americans who are searching for work, and many other changes will take place, none of which will be favorable in terms of an economic recovery. i think that we ought to stop and reflect for a moment here on lessons learned. here's what i have learned. if we're going to solve this problem, we need to do two things. we need to be prepared on both sides of the table to give, and that's a hard thing for many people to acknowledge, but we do. we have to be willing to give on both sides of the table. i remember senator reid receiving a letter after the super committee was hard at work coming up with a bipartisan proposal, signed by virtually every senator on the other side of the aisle, said do not include a penny of revenue. that was the end of the super committee. there was no place to go at that point. they have to be willing to give on revenue and we have to be willing to give on our side, particularly in the area of entitleme
taxes will go up. the payroll tax cut that has helped this economy is going to disappear. unemployment benefits are going to disappear for millions of americans who are searching for work, and many other changes will take place, none of which will be favorable in terms of an economic recovery. i think that we ought to stop and reflect for a moment here on lessons learned. here's what i have learned. if we're going to solve this problem, we need to do two things. we need to be prepared on both...
196
196
Jan 1, 2013
01/13
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recess: tax breaks are very important to the company and i mention they receive a tax break in that area and it's also a nexus of factors and the result of companies sifting through those factors in some way i don't understand those are some of the factors. they tend to produce functions of these data centers and certain parts of the country. >> host: are these decided by communities to get a data center like a factory opening up in the community? >> guest: it's a mixed bag. i mean you know that is a really good question. i think on the level of town leadership they are very much alike because they do increase the tax base, for example the property taxes being collected in quincy have increased a lot since the first day the senators came in not all because of the data centers but may have attracted other business as well and that is a positive thing. i think with criticism in a place like in quincy when they use powers far more than the town itself and they create a modest number of jobs and that is sort of what goes on locally. the other thing that you see is because data centers, it's
recess: tax breaks are very important to the company and i mention they receive a tax break in that area and it's also a nexus of factors and the result of companies sifting through those factors in some way i don't understand those are some of the factors. they tend to produce functions of these data centers and certain parts of the country. >> host: are these decided by communities to get a data center like a factory opening up in the community? >> guest: it's a mixed bag. i mean...